DOJ: Announcement 'Soon' On Full Tilt Remission

November Update Said That Work Would Begin In January

After the Department of Justice announced in November that a third-party “claims administrator” would be chosen in January to “begin work” on the remission process for American victims of Full Tilt Poker, the month of January has nearly come and gone without any announcement.

A spokesperson at the DOJ would only tell Card Player on Wednesday that there’s going to be an announcement “soon.” The DOJ wouldn’t comment on how soon.

The United States Attorney’s Office for the Southern District of New York has been evaluating applicants for the position, according to the November “Victims Update.”

About $159 million would potentially be paid out to 1.3 million former U.S. players, who have been without access to their accounts since April 2011.

There is no timetable on how long it will take the private group, once hired, to assist the United States government in compensating victims of the alleged Full Tilt fraud.

Basically Pokerstars was 100% ready to cut checks to every US Full tilt player. But the US GOVT decided it was in the best interest to take the lump payment itself and make you jump through hoops in order to get your money. Of course not everyone will claim their lost funds, leaving the US with a nice little profit.

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